Securities code: 002384 securities abbreviation: Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) Announcement No.: 2022-010
Suzhou Dongshan Precision Manufacturing Co.Ltd(002384)
Announcement on changing the purpose of some raised funds
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood
Records, misleading statements or material omissions.
Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) (hereinafter referred to as " Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) " and "the company") on
The 19th meeting of the 5th board of directors and the 13th meeting of the 5th board of supervisors held on February 17, 2022
The proposal on changing the purpose of some raised funds was deliberated and passed, and the purpose of the raised funds was changed
It needs to be deliberated and approved by the general meeting of shareholders of the company. The details are as follows:
1、 Basic information of the funds raised this time
(I) actual amount of raised funds and time of fund arrival
Approved by the China Securities Regulatory Commission's zjxk [2020] No. 980 document, Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) to 20
103294850 RMB ordinary shares (A shares) were issued to specific objects at the issue price of per share
RMB 28.00, totaling 2892.2558 million yuan of raised funds, deducting various issuance expenses (excluding tax)
(amount) 28.3019 million yuan, and the net fund raised by the company this time is 2863.9539 million yuan. The above raised funds
The availability of funds has been verified by Tianjian Certified Public Accountants (special general partnership), who will issue a capital verification report
(tjy [2020] No. 5-9). The company has adopted a special account for the raised funds and has cooperated with the recommendation institution
The opening bank of the special account for raised funds has signed the corresponding tripartite supervision agreement for raised funds.
(II) investment projects committed to raising funds in the issuance application documents
According to the plan for Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) non-public offering of A-Shares (revised for three times)
According to the draft, the company's fund-raising projects and fund-raising use plans are as follows:
Unit: 10000 yuan
No. project name estimated total investment amount investment amount of raised funds
1. Production expansion project of fine circuit flexible circuit board and supporting assembly with an annual output of 400000 square meters 80338.48 80338.48
2 multek printed circuit board production line technical transformation project 72805.89 72805.89
3. Wireless module production and construction project of Yancheng Dongshan Communication Technology Co., Ltd. 70122.75 70122.75
4 multek5g high speed, high frequency and high density printed circuit board technical transformation project 65958.46 65958.46
Total 289225.58
2、 Overview of changing the purpose of some raised funds for investment projects
The company's original fund-raising investment project "wireless module production and construction project of Yancheng Dongshan Communication Technology Co., Ltd." originally planned to invest 701227500 yuan, adding 160000 wireless communication module capacity per year and 160000 wireless point system capacity per year.
As of January 31, 2022, the use of the raised funds of the project is as follows:
Unit: 10000 yuan
Project name total amount of raised funds not yet used for the project's committed investment
Wireless module 70122.75 8109.45 61565.47 production and construction project of Yancheng Dongshan Communication Technology Co., Ltd
Note: the amount of raised funds not used by the project includes net interest income of 446900 yuan.
In view of the fact that the investment development of 5g communication is less than expected, in order to improve the company's industrial layout, improve customer service ability and market competitiveness, and ensure the use efficiency of raised funds, it was deliberated and adopted at the 19th meeting of the Fifth Board of directors and the 13th meeting of the Fifth Board of supervisors on February 17, 2022, It is proposed to change the "wireless module production and construction project of Yancheng Dongshan Communication Technology Co., Ltd." as follows:
Unit: 10000 yuan
Before and after change
Project name proposed amount of raised funds project name proposed amount of raised funds
Yancheng Dongshan Communication Technology Co., Ltd
Company limited wireless module production 70122.75 company new energy flexible circuit board 61565.47 construction project and its assembly project
3、 Reasons for changing the purpose of some raised funds this time
The company's original fund-raising investment project "wireless module production and construction project of Yancheng Dongshan Communication Technology Co., Ltd." was affected by factors such as the bottleneck of 5g communication development and the slowdown of downstream customer demand, and the project investment progress did not meet expectations.
In recent years, the new energy vehicle market has developed rapidly, and the market demand for on-board FPC products has increased. As a supporting supplier of the international leading new energy vehicle manufacturer, the company, in order to further improve the industrial layout, improve the service ability to downstream customers, improve the company's comprehensive competitiveness and ensure the use efficiency of raised funds, The company plans to change the "wireless module production and construction project of Yancheng Dongshan Communication Technology Co., Ltd." to "Yancheng Weixin Electronic Co., Ltd."
4、 Details of newly raised funds investment projects
(I) project overview
1. Project Name: new energy flexible circuit board and its assembly project of Yancheng Weixin Electronics Co., Ltd
2. Implementation subject: Yancheng Weixin Electronics Co., Ltd
3. Implementation location: No. 999, Yandu Road, Yandu District, Yancheng City
4. Project construction content
The project will form an annual production capacity of 2.1 million square meters of vehicle mounted FPC through the purchase of automatic production lines such as RTR scanning exposure machine, RTR fast press, mounter and reflux furnace, so as to further consolidate the stable cooperative relationship between the company and well-known vehicle and parts manufacturers at home and abroad, improve the company's technical capacity and industrial scale, and provide better services for downstream customers, Enhance customer stickiness, grasp market opportunities and enhance market competitiveness.
5. Project investment estimate
The total investment of the project is 650.234 million yuan, and the investment amount of the raised funds is 615654700 yuan. The remaining funds are raised by the company itself. The specific investment plan is shown in the table below:
Unit: 10000 yuan
Proportion of total investment amount of the project to investment amount of raised funds proportion of investment amount of raised funds
Equipment investment 48505.79 74.60% 48505.79 78.79%
Initial working capital 16517.61 25.40% 13059.68 21.21%
Total investment amount 65023.40 100.00% 61565.47 100.00%
6. Project construction cycle
The planned construction period of the project is 30 months.
7. Economic benefits
The project starts from construction and is expected to generate benefits in the second year. The output will reach 18% in the second year, 50% in the third year and 100% in the fourth year. After the project is fully completed, the estimated annual operating income is 204.27 million yuan, the annual net profit is 171.6621 million yuan, the internal rate of return (after income tax) of the project is 22.92%, and the investment payback period (after income tax) is 6.91 years.
8. The project involves the matters submitted for approval
The project has been filed in Yandu District administrative examination and approval Bureau of Yancheng City in January 2022 (filing project certificate No.: Duxing Shentou Bei [2022] No. 23), and the relevant EIA approval procedures are being actively promoted. (II) necessity and feasibility of the project
1. Project necessity
(1) In the context of accelerating the realization of the "double carbon" goal, the new energy vehicle and energy storage industry will usher in broad development space
In recent years, global ecological and environmental problems have become increasingly prominent, and global warming and other problems need to be solved urgently. Governments all over the world have proposed to accelerate the transformation to clean energy. China has put forward the goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060; The EU has issued new energy development measures such as the European climate act, requiring member states to reduce greenhouse gas emissions by at least 55% in 2030 compared with 1990, and achieve EU wide carbon neutrality in 2050; The new U.S. government announced its return to the Paris Agreement, set the goal of zero emission vehicle sales accounting for 50% of the total new vehicle sales in 2030, and promised to achieve carbon neutrality by 2050. As an important field of carbon emission reduction, the transformation of transportation industry, power generation industry and industrial production to new energy is the general trend. In the transportation industry, emission reduction will mainly rely on the improvement of electrification rate of vehicles and other means of transportation. In the power generation industry, the proportion of photovoltaic, wind power and other new energy power generation will increase rapidly, and energy storage, as its important supporting facilities, will also usher in rapid growth. Energy storage technology with low cost, long life, high safety and high energy density will be the development goal of the energy storage industry. In the field of industrial production, at present, it mainly depends on coal, oil and natural gas for energy supply. In order to achieve carbon emission reduction, the application scenarios of electrification in industrial production will continue to increase. With the increasingly clear development trend of clean energy in the whole society, the new energy vehicle and energy storage industry will usher in broad development space. (2) The new energy vehicle industry has ushered in unprecedented development opportunities, and the global power battery industry is about to enter the "TWH" era
At present, a new round of global scientific and technological revolution and industrial reform are booming. The integration of automobile and energy, transportation, information and communication and other fields has accelerated, and profound changes have taken place in the form of automobile products, transportation mode, energy consumption structure and social operation mode. The new energy vehicle industry is facing unprecedented development opportunities.
According to GGII data, the global sales volume of new energy vehicles in 2020 was 3.198 million, the average annual compound growth rate from 2015 to 2020 was 34.5%, and the global vehicle electrification penetration rate also increased from 0.8% in 2015 to 4.1% in 2020. In recent years, the development of Shanxi Guoxin Energy Corporation Limited(600617) vehicle industry has made remarkable achievements, and the scale of new energy vehicle production and marketing market has ranked first in the world for many years. According to the data of China Automobile Association, in 2020 Shanxi Guoxin Energy Corporation Limited(600617) cars
The sales volume was 1.367 million, a year-on-year increase of 13.4%; From January to June 2021, the sales volume of new energy vehicles was 1.206 million, with a year-on-year increase of 207.0%, and the penetration rate of new energy vehicles reached 9.4%. The growth of new energy vehicle industry has effectively driven the rapid development of power battery industry. According to GGII data, the global power battery shipment in 2020 was 186gwh, with a year-on-year increase of 45.3%; From January to June 2021, the global power battery shipment was 145gwh, with a year-on-year increase of 163.6%. The trend of new energy vehicles replacing fuel vehicles is becoming more and more obvious. With the significant growth of global penetration of new energy vehicles, power battery shipments will enter the "TWH" era in the next few years. The concentration of the battery industry has increased rapidly and the power of the battery industry has been further improved.
(3) The deepening of automotive electronization promotes the growth of FPC market demand
Power battery, electric drive and electronic control systems are the core components of new energy vehicles, and the proportion of automobile electronic cost in the value of the whole vehicle continues to increase. Especially with the commercial application of 5g technology, the trend of automobile networking is significant. Intellectualization, electrification and networking will deepen the degree of automobile electronization. With the development of electric and intelligent vehicles, the advantages of FPC in bending, weight reduction and high degree of automation are further reflected. The consumption of FPC in the field of vehicle is increasing, and its applications include power battery, lamp, central control display, BMS / VCU / MCU
